<center>

<HR>

</center>

14:21 12Jun2001 NOKIA <NOK1V.HE> SHARES DIVE NEARLY 10 PCT AFTER Q2 PROFIT WARNING
14:31 12Jun2001 Nokia<NOK1V.HE> plunges after Q2 profit warning

HELSINKI, June 12 (Reuters) - Shares in Finnish mobile phone giant Nokia <NOK1V.HE> plummeted on Tuesday after the group said slowing market growth would hit its second quarter earnings.
By 1226 GMT the share had fallen 13 percent to 29.90 euros ($25.34), well off its year-high of 48.50 euros hit in January, denting technology stocks across Europe <.SX8P>.
Nokia said that a slow market would mean sales growth in the second quarter would be below 10 percent, with diluted proforma earnings per share seen in a range of 0.15-0.17 euros versus a previous estimate of 0.20 euros.
((Helsinki newsroom, +358-9-680 50242, fax +358-9-680 2284, finland.newsroom@reuters.com))
($1=1.180 Euro)

For Related News, Double Click on one of these codes:
[FN] [SW] [E] [U] [EMK] [UKI] [D] [T] [FI] [NORD] [EUROPE] [WEU] [TEL] [ELC] [HOT] [LEN] [RTRS] [RESF] [NOK1V.HE]

For Relevant Price Information, Double Click on one of these codes:
<NOK1V.HE>
[NEWSYEAR 2000]
ENDS

<center>

<HR>

</center>